Search results for: NStar

266 results

A list of search results

  • 22 January 2014
    Authorities, Wind Farm Update

    Town of Barnstable, local businesses, residents, and the Alliance to Protect Nantucket Sound (APNS) filed a lawsuit to the U.S. District Court yesterday against NSTAR’s no-bid contract to purchase electricity from Cape Wind offshore wind farm. The lawsuit against Massachusetts regulators, NSTAR, and Cape Wind says that the State discriminated against out-of-state power companies – […]

  • 1 May 2014
    Authorities, Wind Farm Update

    The U. S. District Court of Massachusetts is contemplating a decision regarding a lawsuit against the Cape Wind’s contract with power utility NStar. Town of Barnstable, local businesses, residents, and the Alliance to Protect Nantucket Sound (APNS) filed the lawsuit to the U.S. District Court on January 21. They claim that the state coerced NStar […]

  • 26 March 2012

    Connecticut’s consumer counsel is supporting the proposed merger of Nstar with Connecticut-based Northeast Utilities for USD 4.9 Billion, according to The Associated Press. NU agreed to many demands, those being USD 25 million rate credit for customers, a separate rate freeze on distribution costs and few others voiced by Connecticut in exchange for the approval. […]

  • 16 February 2012

    Alliance to Protect Nantucket Sound released statement regarding the NStar agreement to buy 27.5% of Cape Wind. “Ratepayers, municipalities, and businesses will be saddled with increased electric bills because of the state’s arm-twisting to force NStar to purchase power from this wildly overpriced project. Gov. Patrick has forced NStar to agree to this purchase as […]

  • 19 July 2011
    Business & Finance

    Robert F. Kennedy Jr. is accusing the Patrick administration of holding up Nstar’s proposed $4.6 billion merger with Northeast Utilities until the firms sign a deal to purchase electricity from the planned Cape Wind project. “In effect, the state administration is trying to hold hostage the proposed Nstar-Northeast Utilities merger unless the two electric companies […]

  • 23 May 2010
    Business & Finance

    Representatives for the utility company NStar will meet with Cape Wind officials on Monday, NStar says. “They requested a meeting and we… [mappress] Source: boston, May 21, 2010;

  • 4 May 2014
    Authorities, Wind Farm Update

    U.S. Federal Judge Richard Stearns has dismissed Cape Wind opponents’ lawsuit, which challenged Cape Wind’s Power Purchase Agreement (PPA) with NSTAR. The District Court’s decision rejected all claims against the Commonwealth of Massachusetts, NSTAR and Cape Wind.  Judge Stearns noted in his decision that the lawsuit would violate the 11th Amendment to the Constitution of […]

  • 23 December 2010
    Authorities

    The Patrick administration is signaling it will hold hostage the proposed Nstar-Northeast Utilities merger unless the two electric companies agree to buy Cape Wind power and prove they have “outstanding track records” on clean-energy issues. In a recent speech to utility insiders, Gov. Deval Patrick’s outgoing environmental and energy czar Ian Bowles said the regulatory […]

  • 16 February 2012

    Gov. Deval Patrick announced yesterday that Nstar will buy 27.5% of electricity from the offshore wind project Cape Wind. If this offshore wind farm does not start spinning by 2016, Nstar will not have to buy electricity from Cape Wind, but it will need to find equal amount of clean energy from some other sources. […]

  • 2 April 2012
    Business & Finance

    Following the NSTAR / Cape Wind long term Power Purchase Agreement with the Massachusetts Department of Public Utilities, the Cape Wind President Jim Gordon released the stetement :  “Today’s filing of the Cape Wind/Nstar Power Purchase Agreement is about moving forward to deliver energy, environmental and economic benefits to Massachusetts and New England electric consumers. […]

  • 24 February 2011
    Business & Finance

    Cape Wind Communications Director Mark Rodgers releases statement on news of NSTAR land-based wind contracts. “Cape Wind, taken together with all of the planned land based wind and solar projects in the region, still do not satisfy the demand for clean energy in New England. NSTAR’s new contracts represent only a modest portion of the […]

  • 28 November 2012
    Environment

    The Alliance to Protect Nantucket Sound (APNS) has condemned a decision by the Department of Public Utilities to approve a contract between Cape Wind and NStar, saying that it would cost ratepayers an additional one billion dollars in added electricity costs for only 27.5 percent of Cape Wind’s overpriced power.   NStar has received approval […]

  • 27 November 2012

    Cape Wind secured another major milestone with the approval by the Massachusetts Department of Public Utilities (DPU) of the 15-year Power Purchase Agreement (PPA) with NSTAR to buy Cape Wind’s energy, capacity and renewable energy credits.  Cape Wind President Jim Gordon said, “This decision helps secure the position of Massachusetts as the U.S. leader in […]

  • 18 May 2012

    As Cape Wind is coming closer to its finalisation,it calls for public support at the last set of public hearings which will be held in Massachusetts. The Department of Public Utilities (DPU) public hearings on NSTAR’s contract to purchase 27.5 % of Cape Wind’s power will be held on May 30 in Boston. The DPU […]

  • 4 January 2011
    Authorities, Business & Finance

    Shareholders of NStar (NYSE:NST) will be asked to approve the proposed merger with Northeast Utilities (NYSE: NU) at a special meeting March…   (bizjournals) [mappress] Source: bizjournals, January 04, 2011

  • 21 December 2010
    Business & Finance

    The nation’s first wind farm, planned off Cape Cod, Mass., fought a bruising battle for approval. Now, it faces another challenge in selling its power. The 130-turbine Cape Wind project has sealed a deal with the utility National Grid for half its power. But the other half is available with no apparent takers — raising […]

  • 30 May 2012

      The Alliance to Protect Nantucket Sound urged residents and businesses to speak out against the wildly overpriced Cape Wind project that would cost Massachusetts ratepayers billions during a Department of Public Utilities hearing in Boston on Wednesday, May 30th at 7 p.m. NStar is seeking approval to purchase 27.5 percent of Cape Wind’s power […]

  • 18 August 2010
    Business & Finance

    The state Department of Public Utilities has ordered the utility NStar to rebid three renewable energy contracts awarded to wind farms in… By Beth Daley (boston) [mappress] Source: boston, August 18, 2010;

  • 12 July 2010
    Business & Finance

    The utility company NStar has made deals to buy electricity from three Western Massachusetts wind farms — but not Cape Wind, a controversial… [mappress] Source: boston, July 12, 2010;

  • 23 January 2011
    Business & Finance

    Cape Wind Associates is among the 16 parties approved to take part in the review process for the proposed utility merger between NStar and… By Kyle Alspach (masshightech) [mappress] Source: masshightech, January 24, 2011

  • 30 December 2010
    Authorities

    As Massachusetts prepares to review a proposed utility merger between NStar (NYSE: NST) and Northeast Utilities (NYSE: NU), outgoing Patrick… By Kyle Alspach (bizjournals) [mappress] Source: bizjournals, December 30, 2010

  • 22 March 2012

    Cape Wind supporters and opponents testified about an approximately $300 million worth deal Boston utility Nstar has reached with the wind-power provider Cape Wind, yesterday at a state Department of Public Utilities hearing, reported Boston Herald. “We believe Cape Wind will turn into a big boondoggle for ratepayers,” said Robert Rio of the Associated Industries […]

  • 13 October 2011
    Authorities, Business & Finance

    NStar and Northeast Utilities on Wednesday said Massachusetts regulators can’t force them to buy power from the Cape Wind offshore wind farm… By Jay Lindsay  (Associated Press) [mappress] Source: Associated Press, October 13, 2011

  • 22 May 2015
    Authorities

    A federal appellate court has overturned a lower court ruling to dismiss a lawsuit against purchase power between Massachusetts’ utility and Cape Wind offshore wind energy project. In May, U.S. District Judge Richard G. Stearns ruled against an allegation that the state illegally pressured a utility company to buy power from the $2.6 billion offshore […]

  • 7 January 2015
    Business & Finance

    Cape wind was dealt a significant setback by both NStar and National Grid yesterday. Namely, the two Massachusetts’ utilities decided to terminate the power purchase agreement as the wind farm developer failed to meet the deadline to obtain financing and begin construction by the end of 2014. Northeast Utilities spokeswoman Caroline Pretyman said: “Unfortunately, Cape […]

  • 3 April 2012
    Authorities, Business & Finance

    According to the Associated Press, the largest Massachusetts-based, investor-owned electric and gas utility, NStar decided to purchase power from Cape Wind offshore wind farm. The contract is worth $1.6 billion and is intended for15- years- long period. This is $940 million more that the market price of conventional electricity for the same period. The Cape […]